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FX reserves fell by almost $2bn in Egypt in December, dipping below $40bn for first time since March, but $5.7bn up y/y. CBE said the fall resulted from end-of-year T-bill redemptions. Next $2bn IMF tranche should push reserves back over $40bn.

Pompeo is due to give a major speech in Cairo, saying Iran could learn about human rights and the rule of law from the Saudis who murdered journalist #JamalKhashoggi and brutally tortured women's rights activists

Police officer was killed few minutes ago and Two others were injured including the director of Explosives department in the ministry of Interior during dismantling IED in front of Abu Sifan Church in Nasr City, Cairo.

Egypt Ministry of Interior release being sent to local Media and press. Claim to have conducted several security raids in Giza and North Sinai, where 40 militants were killed there as they were planning attacks during Christmas celebrations.

Egypt police killed 40 overnight, saying they were "militants planning attacks during X-mas celebrations," on police and Christian worship places. This comes after last night's attack on Vietnamese tourists. Most killings happened in areas near Giza Pyramids

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